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Author Question: If a regulator sets the price equal to the natural monopolist's marginal cost, a. the monopoly will ... (Read 64 times)

misspop

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on: Jun 30, 2018
If a regulator sets the price equal to the natural monopolist's marginal cost,
 a. the monopoly will experience a loss
  b. the monopoly will earn a profit
  c. the monopoly will earn zero profit
  d. consumers will be worse off than they would be if the firm's profit maximization activities were unregulated
  e. the monopoly will be better off than it would be if its profit maximization activities were unregulated

Question 2

Average revenue minus average total cost equals
 a. total economic profit
  b. total accounting profit
  c. a normal profit
  d. economic profit per unit of output
  e. marginal cost


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juliaf

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


misspop

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Reply #2 on: Jun 30, 2018
Correct answers!


juliaf

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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